Prestige Capital Announces Funding of $2,000,000 For a Large Grower of Potted and Indoor Plants
NEW JERSEY (August 18, 2020) – Plants can boost mood, reduce stress, and improve air quality. That’s why Prestige Capital Finance, LLC is pleased to announce the recent closing of a $2,000,000 factoring arrangement for a California-based plant farm, specializing in potted and indoor blooming plants. The proceeds from the factoring arrangement will be used to help this grower expand its footprint in home centers across the United States.
“The funding of this plant farm is a continuation of our commitment to healthy living and the type of funding that we are doing during the pandemic,” said Stuart Rosenthal, President of Prestige Capital. “Over the past several months, we have provided millions of dollars to a range of companies that are focused on nourishing the body and the mind.”
Originally slated to receive funding from another factor, this plant farm was referred to Prestige by an inventory lender who realized that Prestige was a good fit for this fast-growing company. Once the application was received, Prestige Capital was able to deliver financing within two weeks to help the company grow.
About Prestige Capital
For over 34 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Visit www.prestigecapital.com or call 877-944-4455 to learn more.